pros and cons of buying vs. renting apartments in thrissur
TRANSCRIPT
PROS AND CONS OFBUYING Vs. RENTING
APARTMENTSIN THRISSUR
BUY RENT
Buy or rent? Confused! Here is some useful information aboutthe pros and cons of buying and renting. It will help you make
a well-clarified decision of what will suit your requirement.
Equity Perks
The equity or ownership of home is a factor that you want to reconsider whiletaking a decision to stay for rent.
Buying > Renting
Buying < Renting If you are not able to invest such a hugecapital amount, then rent is the better option.
Home ownership helps you to increase thepersonal wealth.
Equity / ownership of home = The price you can sell it – The price you still owe on it
Buying > Renting
Uncertainty
Buying < Renting
Switching Over
More stable living. No one can push you out of a flat or apartment that belongsto you or registered under your name.
Flexible living. No long-term commitment.
Your Home is an Asset
You are the overall in charge of your property, so you can alter anything.
Home is a great income source! You can turn your home into an investmentproperty by renting it or selling it at a high price.
Buying > Renting
Buying > Renting
As a Homeowner You Enjoy Freedom
Maintenance
Buying < Renting
The responsibility of homeowners includes home repair and maintenance, so thetenant never wants to worry about this.
